LISHUI, China, Feb. 21,
2023 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ:
TANH) ("Tantech" or the "Company") today announced that its
subsidiary, Shangchi Automobile Co., Ltd., has signed a new
contract to export 10 high-end midibuses to Nigeria. This is the Company's third export
order received from Africa within
recent months, reflecting Tantech's competitiveness in the
international markets as well as customers' trust and confidence in
its products and services.
The midibuses will be carefully customized to meet the specific
requirements of the end users, including interior features and
exterior appearances. At 5.4 meters in length, this kind of
midibuses with 15 air-conditioned comfortable seats is popular for
commercial operations in various sectors, such as mid-range
transportation, tourism, and education. Being highly energy
efficient and environmentally friendly, these midibuses are safe
and easy to operate and maintain and can deliver robust
performances under different road and weather conditions.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, commented,
"The demand for our midibuses will grow at a fast pace in countries
like Nigeria, where population
rise, income growth, and urban expansion have all contributed to an
increase in the needs for affordable regional transportation. We
have optimized our customized midibuses to generate better rider
satisfaction and experiences for passengers and to achieve higher
profitability for bus operators. With reinforced efforts on
accelerating technological improvements, solidifying global
marketing networks, and curtailing overall carbon footprints, our
team stands ready to provide more reliable, sustainable, and
cost-effective products and services to our domestic and
international customers. "
About Tantech Holdings Ltd
For the last two decades, Tantech has been a leading high-tech
enterprise pioneering and specializing in producing, researching,
and developing products based on bamboo charcoal with a
well-established domestic and international sales and distribution
network. Tantech expanded into the clean vehicle industry in 2017
by acquiring 70% shares of Shangchi Automobile. In November 2020, Tantech established two additional
subsidiaries, Lishui Smart New Energy Automobile Co., Ltd. and
Zhejiang Shangchi New Energy Automobile Co., Ltd., to produce and
market electric vehicles, including automatic high-speed street
sweepers and others. The Company's subsidiary, First International
Commercial Factoring (Shenzhen)
Co., LTD, is engaged in commercial factoring for businesses in and
related to its supply chain. Meanwhile, Tantech has intensified its
globalization process by investing in a subsidiary EPakia
(headquartered in Washington DC),
focusing on consolidating supply chains for biodegradable packaging
materials. The Company is fully ISO 90000 and ISO 14000 certified
and has received numerous national, provincial, and local honors,
awards, and certifications for its products and scientific research
efforts. For more information, please visit:
http://ir.tantech.cn.
Forward-Looking Statements
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning the sales,
plans, objectives, goals, strategies, future events or performance,
underlying assumptions, and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulations, and other risks contained in reports filed by the
Company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by
this cautionary statement and any other cautionary statements which
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof, except as expressly required by applicable law.
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SOURCE Tantech Holdings Ltd.
